O'Reilly logo

International GAAP 2012: Generally Accepted Accounting Practice under International Financial Reporting Standards by Ernst & Young

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 11

Common Control Business Combinations

1 Introduction

1.1 Background

1.2 Development of the IFRS 3 exemption for business combinations involving entities or businesses under common control

1.3 Possible future developments: IASB project on common control transactions

1.4 Scope of this chapter

2 The IFRS 3 Exemption

2.1 Common control exemption

2.1.1 Common control by an individual or group of individuals

2.1.2 Transitory control

3 Accounting for Business Combinations Involving Entities or Businesses Under Common Control

3.1 Pooling of interests method or acquisition method

3.2 Application of the acquisition method under IFRS 3

3.3 Application of the pooling of interests method

3.3.1 General requirements

3.3.2 Carrying amounts of assets and liabilities

3.3.3 Restatement of financial information for periods prior to the date of the combination

3.3.4 Acquisition of a non-controlling interest as part of a common control business combination

4 Group Reorganisations

4.1 Introduction

4.2 Setting up a new top holding company

4.2.1 Setting up a new top holding company in exchange for equity

4.2.2 Setting up a new top holding company: transactions including cash consideration

4.3 Inserting a new intermediate parent within an existing group

4.4 Transferring businesses outside an existing group using a Newco

4.5 Transferring Associates/Jointly Controlled Entities within an Existing Group

List of examples

Example 11.1: Common control involving individuals

Example 11.2: Formation of ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required